The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
You know this share is a proper lemon and lifestyle company when directors reward themselves more shares for sheer incompetence and added no shareholder value in 10 years going through $30 million dollars and nobody reacts or blinks a eye as most LTS have given up.Andy Carroll is just another cowboy as he’s progressed the company no different to the last CEO John Barr both have been major failures
He’s Just John Barrs errand boy and behind the senses JB will be pulling his strings.Us LTS are mugged off on every raise and it’s been no different in 10 years it’s even a joke when they can’t reply to emails as AC is hiding down under he takes no responsibility this company is now beyond a circus as even the clowns running it don’t even make you laugh anymore at there incompetence
I have to say the questions to the directors is what value have you added to present shareholders especially the LTH who have major losses and what a pittance they are investing themselves it’s a joke it’s just a token gesture.Be warned AC/JB have taken wages and consultants fees for 8 years which total millions of dollars for this low of low share price.Please look at the companies history of failing it’s a joke (jam jar of oil in NZ) they even spent a fortune on trying to get a oil refinery in NZ that’s how they have wasted nearly $30 million since IPO
Well I didn’t expect any different from AC as he is just as incompetent and hid behind JB when all the duff technical decisions were made jam jar and duff well after duff well.The guy hasn’t even got the courage to respond to emails.Now he has got his mates in on the board this company is going nowhere the RNS are a joke no explanations just vague on more funding needed etc which has been going on since IPO .No shareholders value and lie after lie we have been fed to keep there wages going.Investigation in corruption is needed here
Hi So just in response your opinion is the CEO is not responsible to respond to Shareholders that’s a interesting take on it as if I’ve given my money to someone I’m entitled to ask questions and expect a response and not just bury my head in the sand and say it’s all ok because you’re busy mate 😂😂
Good for you Dave but if you have actually been a shareholder from the beginning of Mosman you will actually see the reality of what we have had too deal with over many years so I wish you luck as there are so many that have lost big time on this share with failure after failure
This is ridiculous yet again show us a carrot that we may be able to recover then rinse us Shareholders with the wording of value to us where the only one’s profiting is the board with wages and consultants fees this has been the same old dribble since the company started on Aim.Is just a lifestyle company for JB/AC
Sweaty just to clarify I have been a LTH since they joined Aim 7 years ago so I have every right to my opinion as you do but if you look at the past history of this board you will see there are issues with there management and yes I do want them to do well as I’m heavily invested and sitting on a lost but I’m not patting them on the back until I see real progress not these little bones they keep throwing us
6th of April RNS said work over of falcon at new level 19th of April RNS stated work over at Duff it’s been 2 months with no update on either as doing a work over is straight forward I’m very concerned that we have not had a update on either and as I’ve previously mentioned this is normal JB he’s just spent a fortune on duds and Andy Carroll is not up to the task as he is the so called expert on the oil/gas side his incompetence should be questioned (still remember the jam jar of oil in NZ but empty storage tanks)I still believe this is a lifestyle company for them both as they are well paid above what they have actually achieved
This is the normal MOSMAN way drag out the time to give bad news then to pacify us they say but look at the new deal we have done.I’ve seen the same pattern for 7 years and you can also tell things are not great by JB reply’s to emails if it’s positive long and informative if it’s diabolical you received short and blunt.How can you report a drill every quarter and a 700% increase for the year and not be question on it is bizarre.
Well I’ve been in this from the start and sitting on a huge lost as I was a believer but after 6 years it’s the same process every year and the same story from John/Andy big promises followed by big failures followed by it’s not our fault followed by we are entitled to be paid draft amounts of consultation fees as we know what we are doing and here we are another dilution with our share price at rock bottom.I would suggest any serious investor to look at the full history of the company as we have gone from no oil in New Zealand to no diamonds in Canada to no refineries in New Zealand again to endless permits that produce 1-2 barrels a day to court over endless falling out with partners and the great big hope of a joint venture that no one wants.I give up it’s just a pay day for the both of them 6 years and they both have probably taken out nearby a million dollars each in fees
Have to laugh at JB when I question him regarding S4 not being drilled yet in February last week he said there was still 7 days left in February by his calendar well who’s a fool now as it’s going to be March if we are lucky and also the plonker has been had over by the operator as how can you not know a new road needed to be put in first so what happened to there site visit etc ????? I’m not holding out any hope for a recovery here
I have not commented on this board for quite awhile as I decided on the sit back and see approach and let JB/AC get on with what we are paying them for and I didn’t want to be classed as a ramper or deramper.I would email John directly as well Which I have have just done to express my anger at 8 years of failures and shareholders contempt.His reply is I cannot answer emails so he doesn’t work weekends which is very convenient due to Fridays rubbish.This is just a lifestyle company and I would love to sell my shares but they are worthless so good luck to all investors but we have been majorly conned.